The policies feature allows you to upload a policy document, such as a code of conduct, distribute it to entities, and record their agreement. You should note that currently this feature only allows you to show policies to, and seek agreement from, external users.
The policies feature can be found in the “View documents” section:
The policies feature will not appear unless it is activated for your organisation and you are appropriately permissioned. Please speak with your account manager if you would like this module activated.